Southern Magnolia Charities

Analysis

Southern Magnolia Charities is a registered charity in United States, based in Milton, GA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern Magnolia Charities reported income of $56k and spending of $57k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $56k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Southern Magnolia Charities sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within GA. Charities of a similar size with the same main cause include Houston Electrical League Scholarship Foundation ($56k), Chambers-Mccain Foundation ($56k) and National Charity League Inc Peachtree Paces Chapter ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $6,212 against liabilities of $0, net assets of $6,212.